VANCOUVER, June 5 /CNW/ - Mediterranean Resources Ltd. (TSX: MNR; Frankfurt: MHM1) (the "Company") is pleased to announce the election of Mr. Philip Strathy to the Company's Board of Directors at the Company's Annual General Meeting held May 30, 2008. This appointment expands the Board from six members to seven members. Philip brings over 22 years experience in the capital markets. He is a Partner of FairLane Asset Management Ltd., having joined in 2005 after a merger with his firm Strathy Investment Ltd. Prior to that he owned and operated Brookside Investments Ltd., a Bahamas corporation offering offshore advisory services to high net worth individuals. Philip has designed and managed innovative specialty pooled funds for Income and Growth and customized fixed income strategies for the segregated accounts of corporations and private clients. Peter Guest, CEO of Mediterranean, stated, "On behalf of the Board of Directors and the Company, we welcome Philip to the Board. Philip brings significant experience and new strengths to the Board, particularly in the area of private sector financial institutions." Mediterranean Resources is focused on an emerging mineral region in north-eastern Turkey where it is developing two advanced exploration stage gold properties. The TSX does not accept responsibility for the adequacy or accuracy of this release.
For further information:
For further information: Peter J. Guest, President & CEO, (604) 669-3397, www.medresources.ca
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